Thoma Bravo completes $1.57 bln acquisition of Trader Corp

U.S. private equity firm Thoma Bravo has closed its acquisition of Trader Corp, a Canadian digital automotive marketplace and software solutions provider. The deal, announced in July, was valued at about $1.57 billion (US$1.22 billion). The seller was British private equity firm Apax Partners, which held the Etobicoke, Ontario-based company for close to five years. Holden Spaht, a managing partner at Thoma Bravo, said the firm will focus on further development of Trader and support its future growth initiatives.

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